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Eni warns oil may shoot up to $200 without Opec cuts {in 4~5 years}
BBC ^
| 21 January 2015
| BBC
Posted on 01/21/2015 10:02:40 AM PST by thackney
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To: Zhang Fei
OPEC has a bit more than 2 million BPD surplus capacity, most of that is in Saudi.
Of course trying to put more oil on the market today will just drive the price lower, a lot lower. Iraq claims they are doing it anyways.
41
posted on
01/21/2015 3:17:50 PM PST
by
thackney
(life is fragile, handle with prayer)
To: thackney
OPEC has a bit more than 2 million BPD surplus capacity, most of that is in Saudi. Of course trying to put more oil on the market today will just drive the price lower, a lot lower. Iraq claims they are doing it anyways.That's the way life works - everyone does what he has to do, because the bills keep piling up.
42
posted on
01/21/2015 3:27:20 PM PST
by
Zhang Fei
(Let us pray that peace be now restored to the world and that God will preserve it always.)
To: MrB
Mmmm... I don’t think what I said was ignorant.
43
posted on
01/21/2015 3:34:06 PM PST
by
navyguy
(The National Reset Button is pushed with the trigger finger.)
To: thackney
Why don’t they all just admit that they don’t have the foggiest idea what oil will cost next week, let alone in 5 years?
44
posted on
01/21/2015 6:13:22 PM PST
by
Some Fat Guy in L.A.
(Still bitterly clinging to rational thought despite it's unfashionability)
To: Smokin' Joe
Sounds good. I’d like a discounted crew cab 3/4 ton 4WD to pull the horse trailer.
45
posted on
01/21/2015 6:33:46 PM PST
by
thackney
(life is fragile, handle with prayer)
To: Some Fat Guy in L.A.
Because they wouldn’t get paid for the next analysts opinion if they did that.
46
posted on
01/21/2015 6:36:09 PM PST
by
thackney
(life is fragile, handle with prayer)
To: thackney
Actually, those on the payroll of most of the larger directional/MWD companies have to have a vehicle less than three years old. There are a few out there now, I’d wager, but they trade those in to dealers for newer ones.
47
posted on
01/21/2015 8:19:01 PM PST
by
Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
To: navyguy
My post was in support of yours, not calling you ignorant.
48
posted on
01/22/2015 5:12:52 AM PST
by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: MrB
49
posted on
01/22/2015 7:19:01 AM PST
by
navyguy
(The National Reset Button is pushed with the trigger finger.)
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